Clrsearchcom Encouraged By December Unemployment

Palm Coast, FL. (PRWEB) January 30, 2012

Statistics released in December 2011 from the Bureau of Labor Statistics indicate that

with the addition of 200,000 nonfarm jobs, the unemployment rate fell to 8.5%. This is down from the 9.1% unemployment rate in August. CLRSearch, a real estate search engine, suggests that this new information could translate into an increased demand in the real estate market from home buyers.

The largest gains in employment were made in transportation, retail trade, manufacturing, health care and mining. CLRSearch points out that this can mean that hubs of these industries, like the Midwest will likely see an increase in potential real estate sale opportunities. They project that these new numbers are just the beginning of the trend.

Other areas of encouragement from the numbers are in the states that saw the largest rate of decline in unemployment. Those states were Alabama, Michigan, South Carolina, Tennessee, Utah and Ohio.

?As a real estate search engine, we want to inform our users of the potential this will have on the real estate market,? said John Verdi, President of CLR Choice, Inc. ?With added jobs come a restoration of the dream of homeownership.?

The information comes just as the National Associate of Realtors reports that after reaching a 19-month high, pending home sales eased in December but stayed above year-ago levels.

?We are thrilled by this news. With the release of these new numbers, we strongly believe that people looking to sell will see increased opportunity in the next 12 months,? added Verdi.

About CLRSearch

The mission of CLRSearch.com is to connect real estate professionals with homebuyers to find the right home in the right place.

CLRSearch.com is a data rich Real Estate Search Engine where users can explore listings, foreclosures, community demographics, school information, and other data relevant to one of the most important decisions in anyone?s life.

With more people connecting online than ever before, CLRSearch.com hopes to create a space within the ever-expanding social networking infrastructure to allow real estate professionals to grow and increase their referral base. Additionally, CLRSearch.com offers a self-service LocalExpert Advertising Platform that provides agents and brokers with a way to take advantage of their hyper-local ad market.

An assessment of housing affordability in Cache County, Utah.


Multiple housing affordability indexes are used to measure and assess housing affordability. Each index has its own definition of affordability, causing varying viewpoints on what is to be considered affordable or unaffordable. Four indexes were used in this study: two from the Department of Housing and Urban Development (HUD), one from the National Association of Realtors (NAR), and the last from the National Low Income Housing Coalition. The indexes were applied to Census data to assess the housing affordability situation of both homeowners and renters in the census tracts of Cache County, Utah. The measures together show distinct differences in the housing markets throughout the county. The study provides implications for housing counselors, educators, lenders, and policy makers, and provides suggestions for preventing housing crisis, including the benefits of the residual income approach for determining housing affordability.

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This entry was posted on Sunday, February 5th, 2012 at 9:35 am and is filed under Utah Realtors. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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